(Bloomberg) -- Platinum rose in New York on concern
potential strikes in South Africa, a source of almost 80 percent
of the metal, may disrupt supplies. Palladium also gained.
Last week, the price of platinum had the biggest weekly gain
in two months as unions threatened to walk off the job over wage
disputes. Anglo Platinum Ltd. raised a pay offer last month to
try to avert a strike and employees at Impala Platinum Holdings
Ltd. turned down a proposed wage increase on June 27. The two
companies are the world's biggest platinum producers.
Read more at Bloomberg Commodities News
potential strikes in South Africa, a source of almost 80 percent
of the metal, may disrupt supplies. Palladium also gained.
Last week, the price of platinum had the biggest weekly gain
in two months as unions threatened to walk off the job over wage
disputes. Anglo Platinum Ltd. raised a pay offer last month to
try to avert a strike and employees at Impala Platinum Holdings
Ltd. turned down a proposed wage increase on June 27. The two
companies are the world's biggest platinum producers.
Read more at Bloomberg Commodities News
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